Post
Topic
Board Bitcoin Discussion
Re: Why ASIC's Should Not Be The Future Of Crypto Currencies
by
FLHippy
on 24/10/2012, 16:20:38 UTC

I guess you just want free money thrown at you then?

Don't be ridiculous.

No one said anything about free money.

The OP was trying to say that ASICs will further exclude "any schmuck" from being able to afford the initial investment to earn money. leading to centralization of financial power into the hands of fewer entities. This is certainly true and the progression is already well underway. Is it good? Is it bad? I don't know. I know my place in the pyramid though and it's no where near the top Smiley I'm not bitter. I got a free lunch from bitcoin for a very very long time. If/when that comes to an end, I'm well fed and happy to have been able to have been able to participate in it. Being a socialist, It will be sad to see the any schmuck aspect of bitcoin come to an end.

But I love a good drama, and the bitcoin drama level is especially high. I expect interesting drama to unfold in the final months of 2012 and into 2013. Smiley